September 10th Mortgage Market Wrap-up 6

Mortgage backed securities (MBS) closed down 12 basis points today at 103.75 have fallen through and closed just 1 point below support that was offered by the 25 day moving average.  With next week's impending Fed meeting and the Fed providing little support by way of purchasing Treasuries and MBS bonds floundered.  The 30 year conforming remained at 3.75% today.